Congratulations to the Dow hitting 40,0000
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Living in Montana, Bozeman within 5 years is going to be having a fire sale on existing houses if we are in any similar economic structure in the USA. Service workers are living in roaming RV communities the pricing is so bad and college students aren’t wanting to leave the dorms until forced out by incoming freshmen.
I’ll pick up a hot deal when I move back there from the less-desired “city” I’m in now here.
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Im glad youre informed again, after the fact. So you mean to tell me your house went from something like $600,000 to $1,000,000 and you're lamenting the days you didnt have that extra $400,000? Bob, you are trippin!
Fellas, there's no bubble. In 2006 banks were approving loans to peeps because of their obsession with Mortgage Backed Securities and no problems lending to people who had no business owning a house and predictably, those peeps started to fail making their payments. Tell me in your own words where this crash will happen in 2024. Everybody in 2024 is well above water with a healthy supply of would be buyers on the sideline. Any takers?
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Lol I know bro….you're good at picking stocks after they've already gone up and telling us about them afterwards lol.
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it’s the opposite of a bubble. People keep trying to tell you that.
Demand is not being propped up by cheap mortgages and loose underwriting.
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Yeah 2006 was yesterday.
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That’s not the argument being made here, Throbber. Dumb EverettChris made his usual stupid statement that there’s gonna be a fire sale in Bozeman Montana.
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Again, using your numbers, what exactly does $400k in equity get you if you have to buy something else in same area or a similarly priced area since all the similar or step up houses have gone up as well? You'd be far worse off cashflow wise. I thought you were a finance expert.
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Exactly. It's not a bubble, it's a broken market with no volume. Limits economic mobility. Imagine the pay increase that would be required to move from SF to LA or something if you had to sell and rebuy a similar $2m house.
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The government stopped the fight before the 08 crash ran its course
A lot more homes should have gone a lot cheaper. Government local and state stopped it enough to where the hedge funds bought the houses leading to our rental economy. Artificial raising of value
The short sellers in 08 couldn't believe how long it took for mortgage securities to crash because the banks kept trying to rig the game until they couldn't
This is different because rates were low and not a lot of ARMs
